Coal India chief resigns, hopes to play key role in Telangana

Tags: Coal India, News
Coal India Chairman and Managing Director S Narsing Rao has resigned, seeking to play a key role in the new state of Telengana.

"I have put in my papers three to four days back and I am waiting for the new government to relieve me from the post," Rao told PTI.

Minister of State for Power, Coal and New & Renewable Energy Piyush Goyal assumed office yesterday. Prime Minister Narendra Modi and his 45-member council of ministers were sworn in on May 26.

Rao said if everything falls into place, he would take up a new role as principal secretary in the Telengana chief minister's office, "hopefully" from June 2.

Rao, a 1986 batch Andhra Pradesh cadre Indian Administrative Service (IAS) officer who hails from the Telangana region, was appointed chief of the world's largest coal producer in April 2012 for a five-year tenure. He is due to retire in 2018.

Before joining Coal India, Rao was CMD of Singareni Collieries Company Ltd, owned by the Andhra Pradesh government and the Government of India on a 51:49 equity basis.

The Telangana Rashtra Samithi is set to form the first government in Telengana, which will formally come into existence as the country's 29th state on June 2, following the bifurcation of Andhra Pradesh.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Signalling good times, current account deficit is likely to grow from here on

    The current account deficit (CAD) numbers for April-June quarter declined sharply to 1.7 per cent of GDP.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Disruptive innovation in education

The past two weeks had a fair share of interesting ...

Rajgopal Nidamboor

Regain the spirit of focused power

For aeons, the human race has been experimenting with a ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture